04/02/2021
Every home sold had more than four offers.
With little supply in the market, homes typically sold within 20 days (36 days one year ago), a record low since May 2011 when NAR started collecting this information from REALTORS®.
The share of first-time buyers declined to 31% (33% in the prior month, 32% one year ago).
The pandemic continues to impact how people live and work. A higher share of buyers, at 85%, purchased a property in a suburban, small town, rural, or resort area (80% one year ago).
Fifty-nine percent of REALTORS® reported they had potential buyers looking for work-from-home features such as an extra room, a finished basement, or a bigger home.
